Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$366,336$287,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,832$0
Note rate6.220%7.320%
Blended rate6.220%7.560%
1st payment$2,261.57$1,972.18
2nd payment$0.00$0.00
Taxes / mo$309.33$309.33
Insurance / mo$150.00$150.00
MI / mo$0.00$57.42
HOA / mo$424.00$424.00
Total monthly$3,144.90$2,912.93
Cash to close$0$31,900